Company No: 09421521 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026		31.01.2025
		£		£
Fixed assets
Intangible assets	3	0		1
Tangible assets	4	0		373,516
Investment property	5	1,250,000		0
		1,250,000		373,517
Current assets
Stocks		0		8,700
Debtors	6	37,133		50,315
Cash at bank and in hand		743,864		726,249
		780,997		785,264
Creditors: amounts falling due within one year	7	( 123,984)		( 140,222)
Net current assets		657,013		645,042
Total assets less current liabilities		1,907,013		1,018,559
Creditors: amounts falling due after more than one year	8	( 276,250)		0
Provision for liabilities		( 207,800)		( 8,953)
Net assets		1,422,963		1,009,606
Capital and reserves
Called-up share capital	9	3		3
Profit and loss account		1,422,960		1,009,603
Total shareholders' funds		1,422,963		1,009,606

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sian Marie Hotel Limited (registered number: 09421521) were approved and authorised for issue by the Board of Directors on 04 September 2026. They were signed on its behalf by:

Mrs K M Seaborne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Sian Marie Hotel Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom. . The principal place of business is Exonia, Marine
Drive, Widemouth Bay, Bude, Cornwall, EX23 0DE.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

The Widemouth Manor Hotel building has been categorised as an investment property from 1 July 2025 and held to generate rental income and for capital appreciation. As such the property is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Change in Use

During the year the Widemouth Manor Hotel, which was previously classified as property, plant and equipment became an investment property due to a change in use. It has been reclassified at its carrying amount at the date of change. No gain or loss is recognised on reclassification.

2. Employees

	Year ended 31.01.2026		Period from 01.03.2024 to 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	24		30

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	1		1
Disposals	( 1)		( 1)
At 31 January 2026	0		0
Accumulated amortisation
At 01 February 2025	0		0
At 31 January 2026	0		0
Net book value
At 31 January 2026	0		0
At 31 January 2025	1		1

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2025	414,504		103,978		6,833		525,315
Reclassification to Investment Property	( 414,504)		( 103,978)		( 6,833)		( 525,315)
At 31 January 2026	0		0		0		0
Accumulated depreciation
At 01 February 2025	77,502		69,876		4,421		151,799
Charge for the financial year	3,454		2,131		151		5,736
Reclassification to Investment Property	( 80,956)		( 72,007)		( 4,572)		( 157,535)
At 31 January 2026	0		0		0		0
Net book value
At 31 January 2026	0		0		0		0
At 31 January 2025	337,002		34,102		2,412		373,516

During the year, the company ceased operating the Hotel as a trading business. Trading activities ended on 30 June 2025, after which the property was leased to a third-party operator under a commercial lease agreement. As a result of this change in use, the Hotel property no longer met the definition of property, plant and equipment under FRS102 Section 17 and was therefore reclassified as an investment property in accordance with FRS102 Section 16.
The reclassification was made at the carrying amount of the property at the date of change in use. No gain or loss arose on reclassification.

5. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	0
Additions	418,799
Fair value movement	831,201
As at 31 January 2026	1,250,000

During the year the Widemouth Manor Hotel, which was previously classified as property, plant and equipment became an investment property in the year. The value recognised in additions above reflects the carrying amount of the asset at the date of change. No gain or loss was recognised on reclassification.

Valuation

The fair value of the investment property has been determined by the directors based on an internal assessment using market-based evidence of comparable properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	31.01.2026		31.01.2025
	£		£
Historic cost	418,799		0

6. Debtors

	31.01.2026		31.01.2025
	£		£
Trade debtors	0		543
Amounts owed by related parties	36,897		36,079
Other debtors	236		13,693
	37,133		50,315

7. Creditors: amounts falling due within one year

	31.01.2026		31.01.2025
	£		£
Trade creditors	1,182		4,815
Taxation and social security	17,857		60,382
Other creditors	104,945		75,025
	123,984		140,222

8. Creditors: amounts falling due after more than one year

	31.01.2026		31.01.2025
	£		£
Other creditors	276,250		0

There are no amounts included above in respect of which any security has been given by the entity.

9. Called-up share capital

	31.01.2026		31.01.2025
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each	3		3

10. Related party transactions

Other related party transactions

	31.01.2026		31.01.2025
	£		£
KDKS Properties Limited	36,897		36,079

During the year the Company settled expenses on behalf of a company connected by virtue of common directorship. This loan is interest free and repayable on demand.